Who is the first Indian governor of RBI?

Who is the first Indian governor of RBI?

Chintaman Dwarkanath Deshmukh
Chintaman Dwarkanath Deshmukh, a member of the Indian Civil Service, was the first Indian Governor of the Bank. His association with the Bank commenced in 1939, when he was appointed Government’s liason officer. He later served as Secretary and thereafter in 1941 as Deputy Governor of the Bank.

How many governors Does RBI have in India?

25 governors
Government Of India appoints the head of RBI who is referred to as governor. So far RBI has had 25 governors. Osborne Smith was the first governor of RBI in 1935 and Shaktikanta Das is the current governor of RBI. One of the major responsibilities that RBI holds is to form the monetary policy.

Who is the RBI governor of India?

Shaktikanta Das
Reserve Bank of India/Governors

Are governors IAS officers?

However, the rank is present only in the union territories of Andaman and Nicobar Islands, Ladakh, Jammu and Kashmir, Delhi and Puducherry (the other territories have an administrator appointed, who is usually an IAS officer or IPS officer or a retired judge of a court ).

What RBI introduced on 1st March 1993?

Against the background of the gradual liberalisation of current transactions, a transition to the market determined exchange rate on March 1, 1993 was achieved through a successful experimentation with a dual exchange rate system under the Liberalised Exchange Rate Management System (LERMS) for one year beginning with …

Who is the owner of RBI?

the Government of India
Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.

Can a cricketer become IAS officer?

India over the years has produced some outstanding cricketers who were brilliant students in their own right. Former India cricketer Amay Khurasiya holds the rare distinction of passing the Indian Administrative Services exam (IAS).

Who is Authorised under FEMA 1999?

Section 2(c) of the Foreign Exchange Management Act or FEMA states that ‘authorized person’ means an authorized dealer, money changer, off-shore banking unit, or any other person authorized under section 10 (1) to deal in foreign exchange and foreign securities.

Who maintains BoP?

The Reserve Bank of India (RBI) is responsible for compilation and dissemination of BoP data. BoP is broadly consistent with the guidelines contained in the BoP Manual of the International Monetary Fund. 4.2.

What is capital of RBI?

It commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. The original share capital was divided into shares of 100 each fully paid….Reserve Bank of India.

Seal of the RBI
Headquarters Mumbai, Maharashtra, India
Website rbi.org.in

What is the old name of RBI?

Reserve Bank of India
History of Reserve Bank of India In 1921, the Imperial Bank of India was set up to proceed as the national bank of India by the British Government.

Who was the first woman deputy governor of RBI?

Ms KJ Udeshi was the first woman Deputy Governor of the Reserve bank of India. Her tenure started from June 10, 2003, and lasted for over 2 years, till October 12, 2005

Who is the current RBI Governor of India?

Who is the current RBI Governor of India? Shri Shaktikanta Das, an IAS Retd., former Secretary, Department of Revenue and Department of Economic Affairs, Ministry of Finance, Government of India assumed charge as the 25th Governor of the Reserve Bank of India effective from December 12, 2018.

Who was the first governor of the Reserve Bank of India?

The term of office typically runs for three years and can, in some cases, be extended for another two years. The inaugural officeholder was the British banker Sir Osborne Smith, while Sir C. D. Deshmukh was the first Indian governor.